A PEDERSEN KYSTFISKEBÅT AS: årsregnskap 2011 vs 2010
Shrank 67% on revenue, returned to profit
approved 2012-08-26; registry 2012-09-01; journal 2012 681344
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A PEDERSEN KYSTFISKEBÅT AS. Revenue 700.2k NOK → 232.9k NOK (-66.7%). Net result -14.0k NOK → +255.0k NOK. Equity 875.9k NOK → 1 130 NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A PEDERSEN KYSTFISKEBÅT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +18.9k NOK → +360.4k NOK (op. margin 2.7% → 154.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 14.0k NOK to a profit of 255.0k NOK. Calculated
-
↑
Cash rose
Bank deposits 35.1k NOK → 315.6k NOK (+800.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 216.2k NOK → 208.9k NOK (31% → 90% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 700.2k NOK to 232.9k NOK (-66.7% YoY). Calculated
-
↓
Equity eroded
Book equity 875.9k NOK → 1 130 NOK (equity ratio 42.0% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 92.3k NOK → 7 906 NOK (-91.4% YoY). Calculated